July 5, 2016 – July 11, 2016

Industry Related Reports

National News

  • 4 States Getting Preschool Right
    “What Good Preschool Looks Like: Snapshots From 4 States….”
  • US: Quad-C Buys Rainbow Early Years Group
    “US private equity firm Quad-C Management has acquired Rainbow Early Education Holding from Spire Capital Partners for an undisclosed sum. Rainbow, which is based in Michigan, provides early education services to more than 10,500 students and has 121 schools and before and after school programmes in 12 states. The firm’s markets include the Midwest, Mid-Atlantic and southeastern USA….”
  • Nonprofits Are Vulnerable, Too
    “Education Department’s proposed rule for student debt forgiveness could threaten traditional colleges as well as for-profits, particularly over its broad view of what counts as misrepresentation….”
  • Apollo Education Sales Continue to Fall in H1
    “Sales at Apollo Education Group, the for-profit higher education group, fell to $1.1 billion (£850 million) in the six months to 29 February. This was down from $1.3 billion in the same period last year. The deal valued Apollo Education at $1.14 billion (£776 million) or $10 per share….”
  • 4 States Getting Preschool Right
    “What Good Preschool Looks Like: Snapshots From 4 States….”

Local News

California

  • Sierra College to Manage $17M in Maker Space Grants Statewide
    “Sierra College will manage a $17 million, three-year grant program to develop maker spaces at community colleges throughout the state.The grant will help the Rocklin college expand and duplicate the success it has had with its relationship with Hacker Lab, the Sacramento co-working maker space founded in 2012….”

Illinois

  • Struggling to Cope in Illinois
    “Statewide budget deadlock continues to force some community colleges to cut or raise tuition, despite a recent short-term deal….”
  • Loyola University Offers Third Buyouts in Three Years as it Grapples with Budget Woes
    “In yet another attempt to cut costs as it deals with a budget crisis, Loyola University is offering buyouts to certain employees — the Uptown institution’s third such offer in three years. The latest buyout offer, which the university’s board of trustees approved in May, allows eligible faculty and staff members to retire from Loyola on either Aug. 19 or Jan. 3 in exchange for a severance package….”

Iowa

  • Iowa State University’s Hotel Closes, Prepares for Auction
    “The contents of the Hotel Memorial Union, which closed earlier this month, will be sold in a public garage sale on Thursday, Des Moines television station KCCI reports. The 29-room hotel was closed to make room for more student housing. The top three floors of the Union will become student housing…”

Nevada

  • Nevada Higher Education Officials Close Health Sciences System
    “Sources familiar with the decision said the Nevada System of Higher Education closed the Health Sciences System because its role has diminished as UNLV develops its nascent medical school. Those sources also said the system ran out of private money raised for HSS expenses….”

New York

  • NYC Public School Overcrowding Increases
    “Sources familiar with the decision said the Nevada System of Higher Education closed the Health Sciences System because its role has diminished as UNLV develops its nascent medical school. Those sources also said the system ran out of private money raised for HSS expenses….”

Washington

  • Funding Edge for Workforce Programs
    “New formula in Washington State incentivizes community and technical college courses linked to industry demands, which may harm liberal arts-related fields of study….”

 

World News

  • China Everbright Invests in Hope Education Ahead of Listing
    “China Everbright (CEL) has invested an undisclosed amount in independent education group Hope Education through its RMB Mezzanine Fund. The firm said it was preparing for a listing “at an appropriate time” and that it would consider approaches from other investors….”
  • Brazil: Estacio Private College Group Approves Kroton Takeover
    “Brazilian for-profit higher education group Estacio Participacoes has accepted a final takeover bid from rival Kroton Educacional. In a revised offer, Kroton will acquire Estacio for R$5.98 billion (£1.41 billion), creating one of the largest for-profit education companies globally….”
  • New Zealand: Cognition Education Acquires Begin Bright Tutoring Chain
    “New Zealand-headquartered education group Cognition Education has acquired the Australian tutoring franchise Begin Bright for an undisclosed sum. Begin Bright runs more than 30 school-readiness and tutoring centres in New South Wales, Victoria, Queensland and Western Australia….”